The National Employment Savings Trust will allow employers to make scheme contributions using a debit card, a payment method most other providers shy away from.
Contributions can be made using a debit card or direct credit through NEST's new online system for employers, although the provider expects the majority of employers will use direct debit. NEST said...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.